Iraqi Prime Minister Nuri al-Maliki and Eni CEO, Paolo Scaroni, accompanied by Eni E&P COO, Claudio Descalzi, met in Baghdad to discuss the development of Eni's work on Iraq's giant oil field Zubair, and potential for futher cooperation.

SBC, the management consultancy arm of Schlumberger, is pleased to announce the expansion of its senior leadership team with the appointment of six vice presidents.

OPEC countries plan to add a total of 21mn bpd of new oil capacity over the next five years, according to the organization's secretary-general Abdalla el-Badri.

Gulf Keystone Petroleum has unveiled plans to build a pipeline through Turkey to export oil from its giant Shaikan discovery in Iraqi Kurdistan by 2013.

International Energy Agency's (IEA) latest oil market report said global oil consumption is slowing down as questions marks over the state of the global economy resurface.